Weekly $SPY / $SPX Scenarios for April 21โ€“25, 2025

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๐ŸŒ Market-Moving News ๐ŸŒ:

๐Ÿ‡บ๐Ÿ‡ธ Tariff Fallout Deepens: Markets remain volatile as President Trump's recent tariff policies continue to unsettle investors. The S&P 500 is down 14% from its February peak, with recession fears escalating. Economists now estimate a 45% chance of a downturn within the next year, up from 25% previously. โ€‹

๐Ÿš— Tesla's Anticipated Earnings: Tesla is set to report Q1 earnings on Tuesday. Options pricing suggests a potential 9.3% stock movement post-report. Investors are keenly awaiting updates on AI initiatives, including the robotaxi network and the Optimus humanoid robot.

๐Ÿ›ข๏ธ Oilfield Services Under Pressure: Halliburton, Baker Hughes, and SLB will release earnings this week amid declining oil prices and tariff-induced cost pressures. Analysts warn that sustained crude prices below $60 could lead to a 20% drop in domestic oilfield activity. โ€‹

๐Ÿ“Š Key Data Releases ๐Ÿ“Š
๐Ÿ“… Monday, April 21:
No major economic data releases scheduled.โ€‹

๐Ÿ“… Tuesday, April 22:

๐Ÿ  Existing Home Sales (10:00 AM ET):
Forecast: 4.20 million
Previous: 4.38 million
Provides insight into the housing market's health and consumer demand.โ€‹

๐Ÿ“… Wednesday, April 23:

๐Ÿ“Š S&P Global Manufacturing & Services PMI (9:45 AM ET):
Forecast: Manufacturing 49.5; Services 51.0
Previous: Manufacturing 49.2; Services 50.8
Indicates the economic health of the manufacturing and services sectors.โ€‹

๐Ÿ“ˆ New Home Sales (10:00 AM ET):
Forecast: 675,000
Previous: 662,000
Measures the number of newly constructed homes sold, reflecting housing market trends.โ€‹

๐Ÿ“˜ Federal Reserve Beige Book (2:00 PM ET):
Provides a summary of current economic conditions across the 12 Federal Reserve Districts.

๐Ÿ“… Thursday, April 24:

๐Ÿ“‰ Durable Goods Orders (8:30 AM ET):
Forecast: -0.5%
Previous: 1.3%
Reflects new orders placed with domestic manufacturers for delivery of factory hard goods.โ€‹

๐Ÿ“ˆ Initial Jobless Claims (8:30 AM ET):
Forecast: 230,000
Previous: 223,000
Indicates the number of individuals filing for unemployment benefits for the first time.โ€‹

๐Ÿ“… Friday, April 25:

๐Ÿ“Š University of Michigan Consumer Sentiment Index (10:00 AM ET):
Forecast: 76.5
Previous: 77.2
Assesses consumer confidence in economic activity.โ€‹

โš ๏ธ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.โ€‹
๐Ÿ“Œ #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis

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